Mig Holdings (LTS:0IMY) ROCE %: 6.37% (As of Jun. 2024)


LTS:0IMY Mig Holdings SA LTS:0IMY
33 GF Score
Price €4.39
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What is Mig Holdings ROCE %?

Mig Holdings LTS:0IMY 33 ROCE % is 6.37% as of Jun. 2024. GuruFocus rates LTS:0IMY with a GF Score™ of 33/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mig Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.37%.

Mig Holdings  (LTS:0IMY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mig Holdings ROCE % Related Terms

Mig Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Mig Holdings's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mig Holdings ROCE % Chart

Mig Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 -3.76 0.81 0.24 2.37

Mig Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.16 -0.52 4.45 0.95 6.37
LTS:0IMY
33GF Score
Mig Holdings SA LTS:0IMY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mig Holdings ROCE % Calculation

Mig Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=17.23/( ( (1250.688 - 8.009) + (220.194 - 6.213) )/ 2 )
=17.23/( (1242.679+213.981)/ 2 )
=17.23/728.33
=2.37 %

Mig Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=13.618/( ( (220.194 - 6.213) + (219.65 - 6.197) )/ 2 )
=13.618/( ( 213.981 + 213.453 )/ 2 )
=13.618/213.717
=6.37 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.37% mean?
Mig Holdings (LTS:0IMY) has a ROCE % of 6.37% as of Jun. 2024.
Is Mig Holdings' ROCE % too high?
Mig Holdings' current ROCE % is 6.37%. The Real Estate industry median ROCE % is 4.64. Mig Holdings' value of 6.37% is 37.3% above this industry median. Overall, Mig Holdings has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Mig Holdings' ROCE % compare to CBRE and CSGP?
Mig Holdings' ROCE % of 6.37% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.64. Mig Holdings' value of 6.37% is 37.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Real Estate company?
The median ROCE % among Real Estate companies is 4.64, based on 1,758 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mig Holdings's current ROCE % of 6.37% is 37.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Real Estate industry, the median ROCE % is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mig Holdings's current ROCE % is 6.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mig Holdings stock overvalued right now?
Mig Holdings (LTS:0IMY) has a current ROCE % of 6.37%. The current ROCE % is 6.37% and 37.3% above the Real Estate industry median of 4.64. Mig Holdings' overall GF Score™ is 33/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Mig Holdings (LTS:0IMY), the current ROCE % is 6.37% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mig Holdings Business Description

Address El. Venizelou 10, Athens, GRC, 106 71
Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.
33GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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